Dear OKX Users,
To mitigate market risks and ensure optimal trading experiences, OKX periodically reviews and delists certain perpetual contracts and leveraged trading pairs. Below are the detailed delisting schedules:
Perpetual Contracts Trading
| Contract Name | Delisting Time (UTC+8) |
|---|---|
| ZEROUSDT | Oct 15, 2024, 4:00 PM – 5:00 PM |
| FLRUSDT | Oct 15, 2024, 4:00 PM – 5:00 PM |
| ZEUSUSDT | Oct 15, 2024, 4:00 PM – 5:00 PM |
| GPTUSDT | Oct 15, 2024, 4:00 PM – 5:00 PM |
Key Process Notes:
- Trading halts at delisting time, with all pending orders canceled.
- Final settlement price: Arithmetic average of OKX index prices 1 hour before delisting.
- No funding fees charged during settlement; no additional fees apply.
👉 Learn how perpetual contracts work
Risk Management Advisory:
- Volatility may spike pre-delisting—adjust leverage or close positions early.
- Excess losses trigger Risk Reserve coverage; auto-deleveraging (ADL) applies if reserves are insufficient.
Post-delisting, users with >$10,000 in settled positions face temporary transfer restrictions (30 minutes). Historical orders remain accessible for download via desktop Order Center.
Adjusted Price Limit Rules
| Phase | X | Y | Z |
|---|---|---|---|
| 48h pre-delisting | 2% | 2% | 5% |
| 30m pre-delisting | 1% | 1% | 2% |
Rules may adapt to market anomalies.
Leveraged Trading & Flexible Loans
| Trading Pair | Borrowing Halt Time (UTC+8) | Delisting Window (UTC+8) |
|---|---|---|
| GPT/USDT | Oct 2, 2024, 4:30 PM | Oct 14, 2024, 2:00 PM – 4:00 PM |
Action Required:
- Repay loans before delisting to avoid forced repayments.
- Manual closing recommended due to potential slippage.
Discount Rate Adjustments
| Coin | Previous Rate (≤$50k) | New Rate |
|---|---|---|
| GPT | 0.5 | 0 |
Discount rates reflect liquidity risk in cross-margin calculations.
👉 Understand discount rate mechanics
FAQ
Q: Why are these pairs being delisted?
A: To maintain market stability and align with risk management protocols.
Q: How is the settlement price determined?
A: Based on the OKX index average 1 hour pre-delisting, adjusted for anomalies.
Q: What happens to my active orders?
A: All pending orders are canceled automatically at delisting.
OKX remains committed to enhancing your trading journey with robust tools and transparent processes.
OKX Team
October 2, 2024
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